New Risk • Mar 13
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.6m (US$9.90m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 49% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$13.6m market cap, or US$9.90m). Board Change • Mar 12
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Kevin Ramsay was the last independent director to join the board, commencing their role in 2026. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. 공지 • Feb 18
Coloured Ties Capital Provides Information to Shareholders of Labrador Gold On February 18, 2026, Coloured Ties Capital Inc. announced that it commit to paying shareholders a $0.02 dividend, if successful and will declare it within 7 days of the shareholder meeting, and stated that it would be far better to return some capital to shareholders than to continue to gamble it away on these poorly considered investments in other Companies’ projects, and Coloured Ties believes that returning some capital to shareholders is the right thing to do and it would still leave enough capital in the treasury to pursue prudent brownfield opportunities. In addition, Coloured Ties stated that allowing the current treasury destruction path and voting for the continuation of the current management will likely result in a much-depleted treasury, a grass roots project portfolio and a return to the pre-Coloured Ties common share valuation, or much less. 공지 • Feb 14
Coloured Ties views Labrador Gold's choice of Nemo Project as Value Destructive On February 13, 2026, Coloured Ties Capital expressed its views in connection with the Company's Board, labelling the Company’s recent choice of the Nemo Project as value destructive. In addition, Coloured Ties Capital highlighted a growing shareholder support for a shift away from what they termed a Board-Lead Blunder-Fest, emphasizing that credible leadership is essential for identifying quality investment opportunities, which the current Board has failed to do. Coloured Ties criticized the announced joint venture with Nemo Resources, arguing that it represents a recipe for treasury destruction and is unsuitable for a junior mining company. Further, Coloured Ties Capital pointed out that the Board's inability to source and evaluate projects has led to a reliance on outdated strategies, particularly in the context of the current commodities cycle, which favours brownfield exploration over long-term, high-risk ventures. Furthermore, Coloured Ties Capital urged shareholders to disregard the Board's distractions and focus on the facts, asserting that the Board is responsible for significant value destruction and strategic blunders. Coloured Ties called for a vote against the current leadership, advocating for the meaningful change and restore Company to a respected exploration and development company. 공지 • Feb 11
Kal Malhi and Coloured Ties Capital Inc. Commence Defamation Claim Against Labrador Gold Corp., James R. Borland, Leonidas Karabelas, Roger Moss and Trevor Boyd Coloured Ties Capital Inc. is one of the largest shareholders of Labrador Gold Corp. (TSXV: LAB) (OTCQB: NKOSF) (FSE: 2N6) ("Labrador" or the "Company"). Coloured Ties together with Kulwant (Kal) Malhi (the "Plaintiffs"), announce that they have commenced a defamation claim against Labrador, James R. Borland, Leonidas Karabelas, Roger Moss and Trevor Boyd (the "Defendants") with the Ontario Superior Court of Justice (the "Claim"). The Claim alleges that, among other things, on February 2, 2026 the Defendants caused to be published a letter to shareholders in the name of Labrador's board of directors and entitled "The Dissident's Motives Exposed: A Message From Your Board of Directors at Labrador Gold", together with its associated cover pages, graphics, and proxy messaging (collectively, the "Letter"). The Letter was disseminated as campaign material urging shareholders to vote management's proxy and to protect their Labrador investment from the Plaintiffs. The Claim alleges that Labrador knowingly published and disseminated false and defamatory statements accompanied by misleading and inflammatory imagery. Through its language, headings, imagery, and overall presentation, including the prominent headline "MALHICIOUS INTENT" and a depiction of Kal Malhi as a figure carrying away shareholder money from a vault, the Letter was designed to depict the Plaintiffs as thieves, dishonest, predatory, and a threat to shareholder property. The Defendants' use of misleading imagery and accompanying statements was reckless as to the truth and presented in a manner that is causing serious reputational harm to the Plaintiffs. In the Claim, the Plaintiffs seek, among other things, injunctive relief restraining the Defendants from further publishing or republishing the false, misleading and defamatory imagery and statements, and monetary damages for defamation from the Defendants including general, special, aggravated, and punitive damages, to be determined at trial. 공지 • Feb 07
Coloured Ties Provides Information to Shareholders of Labrador Gold On February 6, 2026, Coloured Ties Capital Inc., together with Kal Malhi and Rauni Malhi, announced that they strongly condemn recent statements by Labrador Gold Corp. suggesting that shareholder votes cast on its proxy card not be counted, calling the maneuver a blatant attempt to intimidate shareholders and undermine the integrity of the corporate governance process. In addition, Coloured Ties Capital stated that by raising spurious and misleading claims about the validity of its proxy, Company is attempting to sow confusion among investors and suppress lawful shareholder participation, and that these tactics are not about compliance or clarity but are about entrenchment. Further, Coloured Ties Capital believes that the Company's actions are an effort to distract from substantive issues and discourage independent thinking, and that rather than engaging on the merits of performance, strategy, and accountability, Company appears more focused on an authoritarian agenda of clinging to power at all costs. Furthermore, Coloured Ties Capital urged shareholders to stand up for their rights and vote only on its proxy for much needed change at the Company, stating that shareholders will defend their legal rights as shareholders and intend to take all action necessary to enforce the rights of all shareholders and uphold shareholder democracy should the company deny shareholder votes as threatened. 
